Five Below (NASDAQ:FIVE) Releases Earnings Results

Five Below (NASDAQ:FIVE) issued its earnings results on Wednesday. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.26, Zacks reports. The business had revenue of $843.71 million during the quarter, compared to the consensus estimate of $801.48 million. Five Below had a return on equity of 18.16% and a net margin of 7.57%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the company earned $0.26 EPS. Five Below updated its Q4 guidance to $3.23-3.41 EPS.

Five Below Stock Performance

Shares of FIVE stock traded up $1.77 on Wednesday, reaching $104.97. 3,938,411 shares of the company’s stock traded hands, compared to its average volume of 1,486,040. Five Below has a 12-month low of $64.87 and a 12-month high of $216.18. The company has a market capitalization of $5.77 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.19. The business’s 50 day moving average price is $90.69 and its two-hundred day moving average price is $94.55.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Telsey Advisory Group cut Five Below from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $102.00 to $95.00 in a research note on Monday, November 25th. Mizuho restated a “neutral” rating and set a $85.00 price target on shares of Five Below in a research note on Thursday, October 3rd. KeyCorp cut Five Below from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Gordon Haskett upgraded Five Below from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Thursday, November 7th. Finally, Citigroup upped their target price on Five Below from $85.00 to $96.00 and gave the company a “neutral” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Five Below presently has a consensus rating of “Hold” and a consensus price target of $106.60.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.